Asked by

Wenxin Zheng
on Oct 27, 2024

verifed

Verified

The purpose of the Sherman Antitrust Act was to encourage the establishment of monopolies to replace trusts.

Sherman Antitrust Act

A United States antitrust law that outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade.

Monopolies

Market structures characterized by a single seller who has exclusive control over the supply of a good or service, often leading to higher prices and reduced competition.

  • Comprehend the evolution and intent behind antitrust regulations, focusing on the Sherman Antitrust Act.
verifed

Verified Answer

WC
wilmary castilloOct 28, 2024
Final Answer:
Get Full Answer